Heard on the Hill: Tribe on Clean Power Plan; Shay on international tax system; and Desai and Fogg on tax complexity

On Tuesday, March 17, two professors from Harvard Law School, Laurence Tribe ’66 and Stephen Shay, will testify before Senate committees. Last week, Harvard Law School Professor Mihir Desai and Visiting Clinical Professor T. Keith Fogg testified before the U.S. Senate Committee on Finance.

Stephen Shay: Reforming tax expenditures alone won’t fix the deficit

In recent debates over reducing the budget deficit, even politicians adamant about not raising taxes have been discussing the elimination of tax loopholes, or “tax expenditures.” We turned to Professor of Practice Stephen Shay, and asked the former deputy assistant secretary in the U.S. Treasury: What are tax expenditures, and should they be repealed as a means to lower tax rates, reduce the deficit or both?